NYSE:GVA - Granite Construction Stock Price, News, & Analysis

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$44.41 +1.27 (+2.94 %)
(As of 01/22/2019 06:00 AM ET)
Previous Close$43.14
Today's Range$43.51 - $45.27
52-Week Range$38.55 - $68.58
Volume290,092 shs
Average Volume286,963 shs
Market Capitalization$2.08 billion
P/E Ratio18.20
Dividend Yield1.17%
Beta1.26
Granite Construction Incorporated operates as a heavy civil contractor and a construction materials producer in the United States. The company operates through three segments: Construction, Large Project Construction, and Construction Materials. The Construction segment undertakes various civil construction projects focusing on new construction and improvement of streets, roads, highways, bridges, site work, underground, power-related facilities, water-related facilities, utilities, and other infrastructure projects. It serves customers in the public sector, including certain federal agencies, state departments of transportation, county and city public works departments, school districts and developers, utilities, and private owners of industrial, commercial, and residential sites. The Large Project Construction segment focuses on large, complex infrastructure projects, including highways, mass transit facilities, bridges, tunnels, waterway locks and dams, pipelines, canals, power-related facilities, water-related facilities, utilities, and airport infrastructure. It also undertakes primarily bid-build, design-build, and construction management/general contractor contracts, together with various contract methods relating to public-private partnerships. The Construction Materials segment mines and processes aggregates; and produces and sells construction materials, primarily asphalt, to contractors, landscapers, manufacturers of products requiring aggregate materials, retailers, homeowners, farmers, and brokers. The company also performs site preparation and infrastructure services for residential development, energy development, commercial and industrial sites, and other facilities; and provides construction management professional services. Granite Construction Incorporated was founded in 1922 and is headquartered in Watsonville, California.

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Industry, Sector and Symbol

Industry Heavy construction, except building construction - contractors
Sub-IndustryConstruction & Engineering
SectorConstruction
CUSIP38732810
Phone831-724-1011

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.99 billion
Cash Flow$3.3068 per share
Book Value$24.91 per share

Profitability

Net Income$69.09 million

Miscellaneous

Employees3,600
Market Cap$2.08 billion
OptionableOptionable

Granite Construction (NYSE:GVA) Frequently Asked Questions

What is Granite Construction's stock symbol?

Granite Construction trades on the New York Stock Exchange (NYSE) under the ticker symbol "GVA."

How often does Granite Construction pay dividends? What is the dividend yield for Granite Construction?

Granite Construction declared a quarterly dividend on Thursday, December 13th. Shareholders of record on Monday, December 31st will be given a dividend of $0.13 per share on Tuesday, January 15th. This represents a $0.52 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Friday, December 28th. View Granite Construction's Dividend History.

How were Granite Construction's earnings last quarter?

Granite Construction Inc. (NYSE:GVA) announced its earnings results on Friday, October, 26th. The construction company reported $1.42 EPS for the quarter, beating the Zacks' consensus estimate of $1.24 by $0.18. The construction company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.14 billion. Granite Construction had a return on equity of 9.37% and a net margin of 2.13%. Granite Construction's quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.14 EPS. View Granite Construction's Earnings History.

When is Granite Construction's next earnings date?

Granite Construction is scheduled to release their next quarterly earnings announcement on Friday, February 15th 2019. View Earnings Estimates for Granite Construction.

What price target have analysts set for GVA?

4 brokers have issued twelve-month target prices for Granite Construction's shares. Their predictions range from $50.00 to $65.00. On average, they anticipate Granite Construction's share price to reach $58.50 in the next year. This suggests a possible upside of 31.7% from the stock's current price. View Analyst Price Targets for Granite Construction.

What is the consensus analysts' recommendation for Granite Construction?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Granite Construction in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Granite Construction.

What are Wall Street analysts saying about Granite Construction stock?

Here are some recent quotes from research analysts about Granite Construction stock:
  • 1. According to Zacks Investment Research, "Granite Construction Inc. is one of the nation's largest infrastructure contractors and construction materials producers. Granite specializes in complex infrastructure projects, including transportation, industrial and federal contracting, and is a proven leader in alternative procurement project delivery. Granite is an award-winning firm in safety, quality and environmental stewardship, and has been honoured as one of the World's Most Ethical Companies by Ethisphere Institute for eight consecutive years. Granite is listed on the New York Stock Exchange and is part of the S&P MidCap 400 Index, the MSCI KLD 400 Social Index and the Russell 2000 Index. " (1/8/2019)
  • 2. Canaccord Genuity analysts commented, "We remain at a BUY rating for GVA despite the Q2 miss, which included significant expenses related to acquisitions. We continue to view GVA as well positioned to capitalize on the better funding environment for infrastructure work and expect projects to translate into accelerating growth from the higher-margin Materials business. Further, we remain positive on the recent water-related acquisitions on the increased exposure ahead of an anticipated strong investment cycle. We are adjusting our estimates to reflect the updated full-year guidance while reducing our price target from $75 to $65." (8/9/2018)

Has Granite Construction been receiving favorable news coverage?

News coverage about GVA stock has been trending very positive on Tuesday, InfoTrie Sentiment reports. The research firm scores the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Granite Construction earned a daily sentiment score of 3.2 on InfoTrie's scale. They also assigned media stories about the construction company a news buzz of 4.0 out of 10, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near future.

Who are some of Granite Construction's key competitors?

Who are Granite Construction's key executives?

Granite Construction's management team includes the folowing people:
  • Mr. James Hildebrand Roberts, Pres, CEO & Director (Age 62)
  • Mr. James Dave Richards, Sr. VP & Northwest Group Mang. (Age 55)
  • Mr. Dale A. Swanberg, Sr. VP & Large Projects Group Mang. (Age 56)
  • Mr. Kyle T. Larkin, Sr. VP & California Group Mang. (Age 47)
  • Ms. Jigisha Desai, Sr. VP & CFO (Age 52)

Who are Granite Construction's major shareholders?

Granite Construction's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Peregrine Capital Management LLC (1.25%), Skyline Asset Management LP (0.65%), Community Trust & Investment Co. (0.64%), QCI Asset Management Inc. NY (0.49%), RPG Investment Advisory LLC (0.41%) and Retirement Systems of Alabama (0.13%). Company insiders that own Granite Construction stock include Claes Bjork, James D Richards, James Hildebrand Roberts, Laurel J Krzeminski, Patricia D Galloway and William Howard Powell. View Institutional Ownership Trends for Granite Construction.

Which major investors are selling Granite Construction stock?

GVA stock was sold by a variety of institutional investors in the last quarter, including QCI Asset Management Inc. NY, Community Trust & Investment Co., Peregrine Capital Management LLC and RPG Investment Advisory LLC. View Insider Buying and Selling for Granite Construction.

Which major investors are buying Granite Construction stock?

GVA stock was bought by a variety of institutional investors in the last quarter, including Skyline Asset Management LP, Fox Run Management L.L.C., Personal Capital Advisors Corp and Retirement Systems of Alabama. Company insiders that have bought Granite Construction stock in the last two years include Claes Bjork and Patricia D Galloway. View Insider Buying and Selling for Granite Construction.

How do I buy shares of Granite Construction?

Shares of GVA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Granite Construction's stock price today?

One share of GVA stock can currently be purchased for approximately $44.41.

How big of a company is Granite Construction?

Granite Construction has a market capitalization of $2.08 billion and generates $2.99 billion in revenue each year. The construction company earns $69.09 million in net income (profit) each year or $1.62 on an earnings per share basis. Granite Construction employs 3,600 workers across the globe.

What is Granite Construction's official website?

The official website for Granite Construction is http://www.graniteconstruction.com.

How can I contact Granite Construction?

Granite Construction's mailing address is 585 WEST BEACH ST, WATSONVILLE CA, 95076. The construction company can be reached via phone at 831-724-1011 or via email at [email protected]


MarketBeat Community Rating for Granite Construction (NYSE GVA)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  257 (Vote Outperform)
Underperform Votes:  287 (Vote Underperform)
Total Votes:  544
MarketBeat's community ratings are surveys of what our community members think about Granite Construction and other stocks. Vote "Outperform" if you believe GVA will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GVA will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 1/22/2019 by MarketBeat.com Staff

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